GCP Infrastructure Investments (LON:GCP) Stock Passes Above 50 Day Moving Average – Here’s Why

GCP Infrastructure Investments Limited (LON:GCP) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 72.27 and traded as high as GBX 74.80. GCP Infrastructure Investments shares last traded at GBX 74.10, with a volume of 1,349,484 shares.

GCP Infrastructure Investments Price Performance

The stock has a market cap of £619.83 million, a price-to-earnings ratio of 64.53 and a beta of 0.34. The company’s fifty day moving average price is GBX 72.27 and its 200-day moving average price is GBX 73.78.

GCP Infrastructure Investments (LON:GCP) last released its earnings results on Thursday, December 11th. The company reported GBX 6.73 earnings per share for the quarter. GCP Infrastructure Investments had a net margin of 20.96% and a return on equity of 1.63%. On average, sell-side analysts forecast that GCP Infrastructure Investments Limited will post 8.2955771 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Andrew Didham bought 27,601 shares of GCP Infrastructure Investments stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of GBX 72 per share, for a total transaction of £19,872.72. 0.14% of the stock is currently owned by insiders.

GCP Infrastructure Investments Company Profile

GCP Infrastructure Investment Limited (GCP Infra) is a Jersey-incorporated, closed ended investment company whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained distributions and to preserve capital over the long term by generating exposure primarily to UK infrastructure debt and related and/or similar assets which provide regular and predictable long term cashflows.

GCP Infra primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues.